Regulator aims to stabilize nation's housing market

As Chinese property developers are flocking to issue offshore bonds, the nation's top regulator has stepped up efforts to prevent financial risks and stabilize the real estate sector, said experts.

Chinese real estate enterprises issued 604.7 billion yuan ($87.9 billion) worth of bonds domestically and overseas so far this year, among which $38.4 billion were offshore, reaching a historic high in terms of volume, and it is approaching the total amount of 2017, according to a report by Chinese financial information service provider Wind Information.

The financing spree is continuing in July with 15 property developers announcing overseas financing plans to raise more than $10 billion in total till now, according to Centaline Property research findings.